EMS-CHEMIE HOLDING AG Cash Flow Statement

Financials in millions CHF. Fiscal year is January - December.

Millions CHF. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	460.79	457.58	532.1	550.32
Depreciation & Amortization	51.18	48.32	50.42	55.44
Other Amortization	1.4	1.31	-	-
Loss (Gain) From Sale of Assets	0.78	0.56	0.1	0.75
Other Operating Activities	16.85	-60.65	-6.34	2.27
Change in Other Net Operating Assets	-50.64	129.36	-210.39	-90.46
Operating Cash Flow	480.37	576.47	365.89	518.31
Operating Cash Flow Growth	-16.67%	57.55%	-29.41%	9.92%
Capital Expenditures	-32	-49.29	-93.88	-78.95
Sale of Property, Plant & Equipment	0.37	0.48	0.46	0.9
Sale (Purchase) of Intangibles	-0.81	-0.1	-0.08	-0.97
Sale (Purchase) of Real Estate	-0.04	-	-0.01	-0.01
Investment in Securities	199.72	-98.15	-105.18	-20.36
Other Investing Activities	9.4	45.29	474.39	-61.33
Investing Cash Flow	176.64	-101.77	275.7	-160.71
Long-Term Debt Issued	-	23.25	-	-
Long-Term Debt Repaid	-26.59	-4.41	-7.68	-7.44
Net Debt Issued (Repaid)	-26.59	18.84	-7.68	-7.44
Common Dividends Paid	-374.22	-467.78	-385.92	-304.06
Other Financing Activities	-2.91	-2.3	-1.64	-0.44
Financing Cash Flow	-403.72	-451.24	-500.49	-405.48
Foreign Exchange Rate Adjustments	0.71	-7.65	-3.14	3.13
Net Cash Flow	253.99	15.82	137.97	-44.75
Free Cash Flow	448.37	527.18	272.01	439.36
Free Cash Flow Growth	-14.95%	93.81%	-38.09%	3.79%
Free Cash Flow Margin	21.45%	23.82%	10.99%	19.25%
Free Cash Flow Per Share	19.17	22.54	11.63	18.79
Cash Interest Paid	1.32	0.8	0.75	0.67
Cash Income Tax Paid	83.41	97.25	74.43	78.41
Levered Free Cash Flow	298.95	513.46	626.47	195.17
Unlevered Free Cash Flow	299.66	513.96	626.94	195.59
Change in Working Capital	-50.64	129.36	-210.39	-90.46

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.